Thread by @AdamNeumannsCoS

Imagine a world: youre a normal person (not a founder, Netflix engineer, or tech exec). You work at a job from 9-5 (you can work more but you don’t have to). It pays you enough to support a wife and 2.5 kids, buy a house, a couple cars. After all that you have enough left over to save or invest.

In this world you’re not part of the 1%, you’re part of the majority.

This is the world your parents grew up in, and the world they took from you.

You may lie awake at night worrying about climate change, or Russia, or china.. or our student loans or your kids private school education.

These are all things your parents invented to distract you from the fact that they mortgaged your future - high on irrational exuberance and tailwinds from the greatest generation, the boomers levered up and sold their children into slavery.

The worst part is that they didn’t do this in a market driven way, they didn’t create a generation of companies that solved all problems and ushered us into some post scarcity future where everything’s a utility and govt is much larger to protect you.

We’re in this situation because they got lazy and greedy. They cared more about their upside down pineapple vacations than the future of humanity. They cared more about spending power and the price of their house going up. They saw the world their parents created thru war, sacrifice, and hardship and decided they’d rather be happy than responsible.

In each crisis where they were the majority voting block, they voted to trade freedom for short term solutions to the problems they created.

They invented “too big to fail” banks, they made enron and the dot com bubble, they decided home ownership for illegal immigrants and strippers was more important than inflation, they sold credit default swaps on bundles of stripper backed mortgages and they also bought them only thinking about short term gain. They regulated the fuck out of everything so that capital had to escape to things like HF and VC rather than flowing into reliable established institutions.

None of the things people say matter actually matter, the only thing that matters is forcing boomers out of office and erasing their legacy.

Boomers love to talk about themselves as the children of WWII heroes, the result of their victorious parents coming home and deciding to settle down and have kids. They love talking about the gold standard and how it was such a simpler time. They want you to believe they figured out the post war economy and ushered in the American hegemony. That’s how they want to be remembered, but everything good they take credit for was done by their parents.

Boomers legacy in theory long term will be as the debt generation. During the time they actually were steering the ship, debt across the population, companies, and the federal govt went from a manageable reality to an obligatory ball and chain.

The most ludicrous thing is that after this they still expect us to devote more than a fourth of the national budget (which ironically equals our average deficit) on their social security.

Sure, some of them actually need it, but most of them have more assets than your average millennial will ever have and are still collecting their checks every month.

We should just cut social security. This is the price they pay for their actions.

Praying for you, poor lost souls victimized by the boomers

As attractive as this world may be, we cannot retvrn, we can only move forward.

We must learn from previous generations successes and mistakes.

Society’s foundations, after all, are built on a foundation of sand - and digging down to bedrock is exceedingly impractical in most cases.

We can, however, create the world we desire, we just need to pick new sands to plant the flag on.